Press Release – INDIVA Announces Investment in RetailGo Inc.

[ad_1]

Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. INDIVA ANNOUNCES INVESTMENT IN RETAILGO INC. LONDON, ON – Tuesday, January 22, 2019: Indiva Restricted (the “Company” or “Indiva”) (TSX:NDVA) (US:NDVAF) is pleased to announce it has completed a 9.9% equity investment into RetailGo Inc (or “RGI”). Indiva will contribute leases for 10 proposed retail places in Ontario, and will acquire a five-year promissory note in the quantity of $730,000, plus an more $300,000 to be repaid separately, representing funds committed to date. RetailGo Inc will be managed by Koby Smutylo, who has resigned from his position as COO and Director of Indiva, helpful right away, in order to concentrate his efforts on RGI. Koby is a co-founder of Indiva. The Indiva board would like to thank Koby for his efforts and contribution, and want him effectively in his new endeavour. &#160 Make contact with Facts Niel Marotta, CEO, INDIVA Telephone: 613-883-8541 E-mail: [email protected] Steve Low, Investor Relations Telephone: 647-620-5101 E-mail: [email protected] &#160 About Indiva Indiva’s wholly owned subsidiary is licensed beneath the Cannabis Act and is a supplier of higher high quality, health-related grade cannabis and cannabis merchandise. Indiva’s mission is to present cannabis merchandise that have  a good effect, enhancing lives and communities. Indiva aims to grow to be a home of international marijuana brands, recognized for higher high quality cannabis merchandise. As marijuana laws liberalize in Canada and internationally, Indiva will expand its solution providing to incorporate secure edibles and other client-friendly cannabis merchandise. In Canada, Indiva will create and distribute Ruby Cannabis Sugar, Sapphire Salt, as effectively as Bhang Chocolate and other merchandise via license agreements and joint-ventures respectively. In addition, as marijuana laws liberalize internationally, Indiva will use its Canadian operations as a platform to open new markets for its cannabis merchandise. &#160 DISCLAIMER &#038 READER ADVISORY Neither the TSX Venture Exchange nor its Regulation Solutions Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and neither of the foregoing entities accepts duty for the adequacy or accuracy of this release or has in any way authorized or disapproved of the contents of this press release. Particular statements contained in this press release constitute forward-seeking facts. These statements relate to future events or future efficiency. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and comparable expressions and statements relating to matters that are not historical details are intended to recognize forward-seeking facts and are primarily based on the parties’ present belief or assumptions as to the outcome and timing of such future events. Actual future outcomes may possibly differ materially. In certain, this release includes forward-seeking facts relating to TSX Venture Exchange approval of the transactions contemplated herein, future international expansion, future solution offerings, future entry into more markets, alterations to laws and regulations in Canada and internationally, and compliance with applicable regulations. Different assumptions or elements are commonly applied in drawing conclusions or generating the forecasts or projections set out in forward-seeking facts. These assumptions and elements are primarily based on facts at the moment out there to the parties. The material elements and assumptions incorporate the parties getting in a position to get the required corporate, regulatory and other third parties approvals licensing and other dangers linked with regulated ACMPR entities and completion of satisfactory due diligence. The forward seeking facts contained in this release is produced as of the date hereof and the parties are not obligated to update or revise any forward seeking facts, no matter if as a outcome of new facts, future events or otherwise, except as necessary by applicable securities laws. Due to the fact of the dangers, uncertainties and assumptions contained herein, investors need to not spot undue reliance on forward seeking facts. The foregoing statements expressly qualify any forward-seeking facts contained herein. This press release does not constitute an present to sell or a solicitation of an present to obtain any of the  securities in the United States. The securities have not been and will not be registered beneath the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may possibly not be provided or sold inside the United States or to U.S. Persons unless registered beneath the U.S.  Securities Act and applicable state securities laws or an exemption from such registration is out there. Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. Any failure to comply with this restriction may possibly constitute a violation of U.S. Securities laws. &#160

The post Press Release &#8211 INDIVA Announces Investment in RetailGo Inc. appeared initially on INDIVA.

[ad_2]

Latest posts